Renaissance Group LLC raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,891 shares of the asset manager’s stock after buying an additional 6,333 shares during the period. T. Rowe Price Group comprises about 1.2% of Renaissance Group LLC’s holdings, making the stock its 17th largest holding. Renaissance Group LLC owned about 0.16% of T. Rowe Price Group worth $36,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in T. Rowe Price Group by 17.8% in the third quarter. Pacer Advisors Inc. now owns 6,194 shares of the asset manager’s stock valued at $561,000 after purchasing an additional 935 shares during the period. Keystone Financial Planning Inc. boosted its holdings in T. Rowe Price Group by 1.9% in the third quarter. Keystone Financial Planning Inc. now owns 55,057 shares of the asset manager’s stock valued at $4,991,000 after purchasing an additional 1,021 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in T. Rowe Price Group in the third quarter valued at $1,162,000. Cipher Capital LP purchased a new position in T. Rowe Price Group in the third quarter valued at $1,282,000. Finally, Vaughan David Investments Inc. IL boosted its holdings in T. Rowe Price Group by 61.5% in the third quarter. Vaughan David Investments Inc. IL now owns 384,746 shares of the asset manager’s stock valued at $34,489,000 after purchasing an additional 146,519 shares during the period. Institutional investors and hedge funds own 72.60% of the company’s stock.

In other news, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.43, for a total transaction of $1,179,297.63. Following the sale, the chief financial officer now owns 135,028 shares in the company, valued at $12,210,582.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Whittemore sold 4,163 shares of T. Rowe Price Group stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $90.64, for a total value of $377,334.32. Following the sale, the director now owns 29,070 shares in the company, valued at approximately $2,634,904.80. The disclosure for this sale can be found here. Insiders have sold 18,204 shares of company stock worth $1,640,922 in the last quarter. Insiders own 3.60% of the company’s stock.

A number of research firms recently issued reports on TROW. Citigroup Inc. lifted their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Barclays PLC lifted their target price on T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, October 27th. UBS AG lifted their target price on T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a report on Friday, October 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 target price (up from $96.00) on shares of T. Rowe Price Group in a report on Tuesday, October 10th. Finally, Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and lifted their target price for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $89.50.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up $0.32 on Tuesday, hitting $96.30. The stock had a trading volume of 1,057,100 shares, compared to its average volume of 1,671,349. T. Rowe Price Group, Inc. has a twelve month low of $65.33 and a twelve month high of $97.35. The firm has a market capitalization of $23,350.00, a PE ratio of 18.75, a P/E/G ratio of 1.76 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities research analysts predict that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.32%.

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T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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